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Bynder
Bynder
Bynder's native, cloud-based Digital Asset Management (DAM) software is designed to simplify and optimize the management of digital assets for both small and large teams. It provides a centralized location to store and manage all ...Read more about Bynder
Wedia
Wedia
Wedia provides a cloud-based digital asset management (DAM) solution designed for large businesses. It allow users to create, manage, deliver and measure content across multiple teams and channels. Key features include editorial,...Read more about Wedia
Supplysail
Supplysail
Supplysail is a product information management and digital asset management solution that helps organizations streamline processes related to data importing, content governance, information accuracy management, and more on a centr...Read more about Supplysail
SAS Customer Intelligence 360
SAS Customer Intelligence 360
SAS Customer Intelligence 360 is a multichannel marketing hub for the modern marketing organization. Offering a suite comprised of modular components (SAS 360 Engage, SAS 360 Discover, SAS 360 Plan, and SAS 360 Match) SAS Customer...Read more about SAS Customer Intelligence 360
Acquia DAM (Widen)
Acquia DAM (Widen)
Flexible and easy to use, Acquia DAM (Widen) helps brands manage and distribute assets across teams, tools, and channels. A highly configurable metadata schema provides powerful, business-specific search and workflow capabilities....Read more about Acquia DAM (Widen)
CoSchedule Marketing Suite
CoSchedule Marketing Suite
CoSchedule's Marketing Suite is a family of agile marketing products that helps you coordinate your process, projects, and teams. Marketing Suite includes: - Calendar Organizer: Visualize your entire marketing strategy in real...Read more about CoSchedule Marketing Suite
OnTrack Workflow
OnTrack Workflow
Ontrack Workflow is a cloud-based digital asset management solution that offers a resource portal, workflow management, brand control, vendor management and reporting within a suite. Ontrack Workflow’s resource portal allows ...Read more about OnTrack Workflow
Allocadia
Allocadia
Allocadia Marketing Performance Management is planning, budgeting, and performance measurement software built for revenue-driven marketing organizations. Allocadia is designed for everyone in marketing including leadership teams, ...Read more about Allocadia
Sprinklr
Sprinklr
Sprinklr is a cloud-based customer experience management solution designed for businesses of all sizes. It offers social experience core, content marketing, social media management, paid advertising, website management (first-part...Read more about Sprinklr
MRMcentral
MRMcentral
MRMcentral is a comprehensive, marketing resource management and collaboration solution designed to improve the efficiency and effectiveness of marketing teams for the maximum utilization of their most important resources: time, m...Read more about MRMcentral
Brandfolder
Brandfolder
Brandfolder is a cloud-based asset management solution that provides various processes to organize, store and retrieve media assets and manage digital rights and permissions. The solution can be customized for businesses in indust...Read more about Brandfolder
Hive9
Hive9
Hive9 is a marketing performance management solution that enables businesses to measure the impact of marketing plans and monitor budgets or revenue performance on a centralized platform. Professionals can use the color-coding fun...Read more about Hive9
MARMIND
MARMIND
MARMIND® is a leading Marketing Resource Management platform that empowers marketers worldwide to optimize resources and improve results. The only MRM to create seamless workflows for planning, budgeting, and performance monitorin...Read more about MARMIND
Wrike
Wrike
Wrike is a cloud-based project management platform for teams of 20+ that is suitable for both large enterprises and SMBs. It supports remote work for various teams. This solution comes with Gantt charts, calendars, workload view f...Read more about Wrike
monday.com
monday.com
monday.com is an award-winning work and project management platform that helps teams of all sizes plan, prioritize, manage, and execute their work more effectively. The platform offers solutions for a wide range of use-cases such...Read more about monday.com
TapClicks
TapClicks
TapClicks is a smart marketing cloud-based set of automated marketing solutions designed to work in unison, powered by your data. We make the complex world of marketing easy with everything a business needs to differentiate itself...Read more about TapClicks
Papirfly
Papirfly
BrandMaster platform is designed with busy marketers in mind. Modular, flexible and packed with time-saving tools, apps and features to boost your brand. The relationship between a brand and its customers is one that relies o...Read more about Papirfly
Marvia
Marvia
The modular build application of Marvia helps you put your time to good use. Ensure that everyone within your organization can easily create, manage and publish (local) marketing materials. Within Marvia’s web-based brand portal, ...Read more about Marvia
Uptempo
Uptempo
Uptempo provides enterprise marketing teams with software to manage planning, productivity and performance. Our mission is to help marketers lead with confidence and love their jobs. Uptempo’s marketing operations suite integra...Read more about Uptempo
Filecamp
Filecamp
Filecamp is a cloud-based Digital Asset Management (DAM) software solution that helps companies organize and share their digital media such as images, videos, and documents. Filecamp comes with unlimited users, each user conf...Read more about Filecamp
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Buyers Guide
Last Updated: March 16, 2023These days, marketers are faced with a growing number of digital channels they can use to engage with customers at a much quicker pace than ever before.
Because of this, there are more moving parts to track over shorter periods of time when organizations are planning and measuring marketing campaigns. To keep pace in today’s digital environment, marketers must use their internal resources wisely.
This is where marketing resource management (MRM) comes in. MRM acts as the "administrative backbone" for day-to-day marketing operations by helping companies track and use their marketing resources more efficiently.
This guide will help you learn more about MRM software systems so you can make the right purchase decision for your business.
Here's what we'll cover:
What Is Marketing Resource Management Software?
Common Marketing Resource Management Software Functionality
Benefits of Marketing Resource Management Software
What Is Marketing Resource Management Software?
In a nutshell, MRM software helps users manage the back-end process of marketing. It allows companies to more efficiently plan, manage and execute on marketing programs and campaigns. It also helps companies make sure they maintain a consistent brand image across marketing and communication channels.
An MRM system typically includes capabilities for planning, budgeting and tracking marketing activities, as well as tools for managing digital brand assets, workflows and approval processes.
Microsoft Dynamics' marketing resource management interface
Common Functionality of Marketing Resource Management Software
MRM software typically offers functionality for strategic planning and financial management, asset and project management and, to some degree, reporting and analysis. The exact functionality offered may vary from vendor to vendor.
Common Functionality of Marketing Resource Management Software
Financial planning | Tracks expenses, schedules and resources needed to execute campaigns. Users can link marketing objectives to expected results for each program and campaign. |
Organizes the marketing production process and allows users to report their progress and view upcoming activities. | |
Workflow automation | Automates common tasks, such as content approvals and cost and expense tracking, to help organizations work more efficiently. |
Calendaring | Offers a shared view of marketing activities with associated time frames. |
Digital asset management | Stores and provides shared access to marketing assets, such as images, videos, documents, marketing materials and logos. |
Reporting and analysis | Provides reports on marketing efficiency, campaign performance, resource allocation and more. |
Benefits of Marketing Resource Management Software
There are many benefits to using an MRM system, including the following:
Brand asset consistency. MRM systems often provide asset management to ensure that all marketing content is brand-compliant and meets usage specifications. It also helps marketing teams avoid inconsistencies in brand image and communication by allowing them to share materials and keep them out of silos.
Illumination of bottlenecks. A common challenge in any organization is identifying and eliminating bottlenecks. MRM software improves efficiency by tracking the resources used and their effectiveness at supporting a given campaign. This helps companies identify and resolve bottlenecks.
Shortened cycles. With functionality for shared planning and visibility, MRM software helps companies spend less time managing communications between different departments and functions. This shortens campaign cycles and helps launch marketing campaigns more quickly.
Reduced costs. MRM software helps companies see where their marketing team is overspending or under-investing so they can quickly reallocate marketing dollars to the best-performing initiatives. This reduces spending on media, production and materials that have a low return on investment (ROI).
Nuanced view of ROI. MRM software tracks every dollar spent and each resource allocated to marketing campaigns, showing how each contributes to the overall ROI. This helps companies make real-time adjustments and assess how to improve resource allocation in future campaigns.
Businesses will see additional benefits by combining an MRM system with marketing automation software and other marketing tools, such as:
These tools reduce time spent on manually managing people, assets and content and help create a holistic, integrated view of marketing operations and campaign health.
Market Trends to Understand
Here are a few market trends you should consider before selecting a marketing resource management software platform:
Trend toward of cloud-based solutions. Cloud-based solutions, also known as software-as-a-service (SaaS), provide flexibility in terms of investment in the digital infrastructure, which further reduces strain on the IT budgets of small and midsize businesses (SMBs). Cloud-based software is usually available on a subscription basis with monthly or annual billing models.
Marketers in SMBs prefer cloud-based solutions, as they provide data security and disaster recovery modules at prices that suit their limited budgets. Cloud-based models enable organizations to embrace technology initiatives, such as bring your own device (BYOD) and bring your own phone (BYOP).
Integration of reporting and analytics tools. Advanced analytics solutions generate real-time dashboards and reports to enable data-driven decisions. As a result, marketers are gaining interest in using analytics tools to monitor customer behavior, track campaign performance and draw insights. They are also looking for intuitive data visualization capabilities to create data summary reports and presentations. Software vendors are responding to these requirements by providing analytics tools that are easy to use and require no external IT support for data analysis.
Use of mobile devices. Marketers are seeking solutions that offer mobile access, which helps organize processes and review campaign performance from anywhere. Moreover, advanced applications offer live chat collaboration features that help team members communicate on-the-go. This functionality also enables team managers to review documents and share feedback from remote locations.
Social media marketing. Successful use cases involving social media as a marketing tool have created demand among marketers to use this channel to promote products and services. Platforms such as Facebook, LinkedIn and Twitter enable marketers to filter their audience into niche segments and target each segment based on their distinct tastes and preferences. Software vendors are updating their solutions with social media marketing functionalities or integrating them into existing tools.
It is important to keep the messaging and branding consistent across social media marketing campaigns to spread awareness and engage customers. In addition, social media tools enable marketers to organize promotional campaigns to retain customers with regular brand communication.